Danakali announces admission to trading on London Stock Exchange
Published by David Rowlands, Assistant Editor
World Fertilizer, Tuesday, 24 July 2018 09:15
Danakali Ltd has announced that its 264 167 463 ordinary shares have been admitted to the standard segment of the official list of the Financial Conduct Authority and to trading on the London Stock Exchange’s main market at 8.00 AM BST today under the ticker ‘DNK’.
Danakali is a potash company focused on the development of the Colluli Potash Project. The project is 100% owned by Colluli Mining Share Co., which is a 50:50 joint venture between Danakali and Eritrean National Mining Corp.
The project is located in Eritrea, and is just 75 km from the Red Sea coast, making it one of the world’s most accessible potash deposits. It is also one of the world’s shallowest potash deposits, with mineralisation commencing at just 16 m.
Seamus Cornelius, Danakali Executive Chairman, said: “We are delighted to deliver on another of our strategic goals for 2018. The LSE listing should increase our profile, liquidity and breadth of potential investors. It is a key milestone as we move towards construction and production at the Colluli Potash Project.”